IFC helps Fenglin take sustainable road for development
By Zhu Wenqian | China Daily | Updated: 2014-10-08 07:57
Guangxi Fenglin Wood Industry Group Co Ltd, a Shanghai-listed fiber board manufacturer, has charted a sustainable growth plan for the future that hinges on the production of green and responsible wood products.
The company, based in the less-developed Guangxi Zhuang autonomous region in Southwest China, recently received a loan of 186 million yuan ($30 million) from the International Finance Corporation, a member of the World Bank Group.
The five-year RMB loan will help Guangxi Fenglin set up a new plant in Guangxi and upgrade an existing production facility in the neighboring Guangdong province, according to company officials.
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